US oil slumps on unexpected crude buildup

Stockpiles rose 6.5 million barrels, almost triple what analysts had forecast

Oil price: US crude oil slumped $2.17, or 3%, to settle at $69.75 a barrel.

Reuters

USA Saudi Arabia United States New York Jim Ritterbusch

Published 17 October 2018, 22:18Updated 17 October 2018, 22:22